Richardson Financial Services Inc. Acquires 835 Shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG)

Richardson Financial Services Inc. increased its holdings in shares of iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) by 2.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,894 shares of the company’s stock after purchasing an additional 835 shares during the quarter. iShares Core MSCI Emerging Markets ETF accounts for 1.4% of Richardson Financial Services Inc.’s portfolio, making the stock its 13th biggest holding. Richardson Financial Services Inc.’s holdings in iShares Core MSCI Emerging Markets ETF were worth $2,246,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Lynx Investment Advisory bought a new stake in iShares Core MSCI Emerging Markets ETF in the 2nd quarter worth approximately $148,000. First Merchants Corp increased its position in iShares Core MSCI Emerging Markets ETF by 2.2% during the second quarter. First Merchants Corp now owns 64,729 shares of the company’s stock valued at $3,465,000 after acquiring an additional 1,406 shares during the last quarter. Great Lakes Advisors LLC increased its position in iShares Core MSCI Emerging Markets ETF by 6.1% during the second quarter. Great Lakes Advisors LLC now owns 153,220 shares of the company’s stock valued at $8,202,000 after acquiring an additional 8,776 shares during the last quarter. Mill Creek Capital Advisors LLC lifted its holdings in iShares Core MSCI Emerging Markets ETF by 25.3% in the second quarter. Mill Creek Capital Advisors LLC now owns 2,195,615 shares of the company’s stock valued at $117,531,000 after acquiring an additional 442,859 shares during the period. Finally, Hexagon Capital Partners LLC boosted its position in iShares Core MSCI Emerging Markets ETF by 19.1% in the first quarter. Hexagon Capital Partners LLC now owns 13,955 shares of the company’s stock worth $720,000 after purchasing an additional 2,242 shares during the last quarter.

iShares Core MSCI Emerging Markets ETF Stock Performance

Shares of NYSEARCA IEMG traded down $0.06 during midday trading on Friday, hitting $56.33. 4,442,219 shares of the company’s stock traded hands, compared to its average volume of 9,784,701. The firm has a fifty day moving average of $55.70 and a 200 day moving average of $54.05. iShares Core MSCI Emerging Markets ETF has a 1 year low of $45.60 and a 1 year high of $59.00. The stock has a market capitalization of $83.37 billion, a price-to-earnings ratio of 11.74 and a beta of 0.85.

About iShares Core MSCI Emerging Markets ETF

The iShares Core MSCI Emerging Markets ETF (IEMG) is an exchange-traded fund that is based on the MSCI Emerging Markets IMI index, a market-cap-weighted index of emerging-market firms, covering 99% of market capitalization. IEMG was launched on Oct 18, 2012 and is managed by BlackRock.